2,760 Shares in MetLife, Inc. $MET Bought by NBW Capital LLC

NBW Capital LLC acquired a new position in shares of MetLife, Inc. (NYSE:MET) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,760 shares of the financial services provider’s stock, valued at approximately $222,000.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its stake in MetLife by 13.4% during the 2nd quarter. Allworth Financial LP now owns 10,893 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 1,285 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of MetLife by 88.2% during the second quarter. Kathmere Capital Management LLC now owns 6,328 shares of the financial services provider’s stock valued at $509,000 after buying an additional 2,965 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of MetLife during the second quarter worth about $1,608,000. Zurich Insurance Group Ltd FI acquired a new stake in shares of MetLife in the 1st quarter worth about $12,060,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in MetLife by 13.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,050,921 shares of the financial services provider’s stock valued at $84,378,000 after acquiring an additional 123,947 shares in the last quarter. 94.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MET shares. Keefe, Bruyette & Woods dropped their target price on MetLife from $92.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of MetLife in a research note on Monday, November 24th. Wolfe Research upgraded shares of MetLife to a “strong-buy” rating in a research note on Tuesday, September 16th. UBS Group lowered their target price on shares of MetLife from $96.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Cowen restated a “buy” rating on shares of MetLife in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $94.60.

MetLife Price Performance

Shares of NYSE:MET opened at $76.28 on Tuesday. The firm has a market capitalization of $50.26 billion, a PE ratio of 12.93, a P/E/G ratio of 0.70 and a beta of 0.87. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $78.92 and a two-hundred day moving average price of $78.75. MetLife, Inc. has a twelve month low of $65.21 and a twelve month high of $88.59.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.07. MetLife had a return on equity of 19.88% and a net margin of 5.83%.The firm had revenue of $17.90 billion during the quarter, compared to analyst estimates of $18.64 billion. During the same period last year, the company earned $1.95 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts forecast that MetLife, Inc. will post 9.65 EPS for the current year.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 9th. Investors of record on Tuesday, November 4th will be given a $0.5675 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 4th. MetLife’s dividend payout ratio is 42.75%.

About MetLife

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.